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Re: wcheng post# 682217

Wednesday, 03/16/2022 6:14:29 AM

Wednesday, March 16, 2022 6:14:29 AM

Post# of 730594
Oh, we got:

The PR is from Jan 9. 2020:

https://www.prnewswire.com/news-releases/wmi-liquidating-trust-to-initiate-final-distribution-and-wind-down-of-operations-300984639.html

[...]
The foregoing notwithstanding, the so-called "Escrow Markers" or "Escrow CUSIPs" established by the Trust upon emergence from its Chapter 11 proceedings in March 2012 for purposes of facilitating the potential distribution of Reorganized WMI's common stock will continue to be maintained for the foreseeable future. As previously disclosed, however, former positions represented by such Escrow Markers or Escrow CUSIPs are not entitled to receive any distributions under the terms of the Plan and they do not, in and of themselves, represent an entitlement to any possible future distributions from the Trust, Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be. As discussed above, no additional distributions of cash or equity will be made by the Trust subsequent to the Distribution, other than to one or more charities as contemplated by the Plan and Liquidating Trust Agreement.
[...]



Your post:

Pretty much clear as day.

Wonder why we couldn't get such detailed responses in the past 13+ years .. I guess it's all over now so no harm in them finally answering us.

Also makes me think what did susman find behind closed doors? $30 billion? We could have gotten more?.. susman probably got duped...so much for f&r. The bunch of wmih turned coop is it.

The Equity committee also was a fail

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